Evolution of Spine Surgery Market is Changing the Landscape

The global market for spine surgery devices was estimated to be worth about $12.43 billion in 2010, and is forecast to reach approximately $23.90 billion by 2020, exhibiting a compound annual growth rate (CAGR) of 6.96% (2011-2020). The device segments comprising this total are:

Posterior Pedicle Screw Fusion Systems
Anterior Cervical Plate Systems
Anterior Thoracolumbar Plate Systems
Anterior Lumbar Interbody Fusion (ALIF) devices
Transforaminal Lumbar Interbody Fusion (TLIF) devices
Posterior Lumbar Interbody Fusion (PLIF) devices
Axial Lumbar Interbody Fusion (AxiaLIF) devices
Interspinous Process Spacer (ISP)
Cervical Artificial Discs
Lumbar Artificial Discs
Vertebroplasty
Balloon Kyphoplasty
Allografts
Demineralized Bone Matrix (DBM)
Bone Morphogenetic Proteins (BMPs)

This growth will be driven by a number of factors, including:

The ageing population worldwide
Increasing incidence of obesity
A growing middle class in developing countries, with the ability to pay out of pocket for spine surgery
Improving worldwide economy
Technological device enhancements, leading to improved surgical results
Developments in minimally invasive spine surgery (MISS) devices driving a strong increase in MISS, with its numerous advantages
In the US, improvements in reimbursement as clinical trials demonstrate the efficacy of treatments using the devices
US healthcare reform leading to medical insurance coverage for more people, allowing those suffering from intractable back pain to receive surgical treatment

As a result of aggregate growth and the differential growth rates of specific spine surgery product types, the landscape of spine surgery will change from 2011 to 2020. Although the aggregate growth is just under 7%, this is the net effect of all growth rates that range, individual product segments, from a decline of 5% in CAGR to an increase of over 30% CAGR.